A loan of $1,100 helped to buy rice, sugar, oil, detergents, and plastic containers, etc.

Sonia Maribel's story

The Nueva Esperanza (New Hope) Communal Bank meets every two weeks in the city of Tosagua. This place is known for being very dynamic. Most of its inhabitants work in agriculture and raise animals because it is an area with great vegetation.

This is the place where we meet Sonia. She is 37, married, and she and her husband have three children. The children are 11, 9, and 8, and they go to school. Her husband is doing his required service in a rural area for his nursing license. She is a commercial engineer graduate from Laica Eloy Alfaro de Manta.

She has a store selling consumer goods like rice, sugar, oil, detergents, plastic containers, and items for children’s parties. She works every day from 6:00 a.m. until 8:00 p.m. Sometimes she works even later. She now works with help from her children because her husband is doing his required service. She tells us that she has had the business for 15 years, and it has gone well for her.

She will use this loan to better supply her store. She will buy rice, sugar, oil, detergents, plastic containers, and other products. She has been in her Communal Bank for five years. She likes it because she has made many friends in the group. Her goals are to get ahead in her business and to have her business grow more every day.

Translated from Spanish by Kiva volunteer Ginny Kalish

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